OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to ...

The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil producing countries', OPEC highlighted. Image by gladder via iStock In ...

The diverse interests among OPEC members, seen in the varying responses to membership offers and production quotas, may pose a threat to the organization's unity and survival. The adjustments of ...

OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source ...

OPEC slashed its oil demand outlook on Tuesday, citing mounting global uncertainties while recommending "vigilance and caution" to member countries. The cartel now forecasts oil demand will be ...

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LONDON, Sept 13 Reuters) - OPEC on Tuesday stuck to its forecasts for robust global oil demand growth in 2022 and 2023 citing signs that major economies were faring better than expected despite ...

A dear friend to many,” the Opec Secretariat added in its obituary to a “genuine Opec icon”. “This is indeed a very sad day for the Opec family,” said Haitham al Ghais, the Kuwaiti oil ...

The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. Barkindo, 63, a veteran of the oil ...

VIENNA, May 10, 2021 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has signed a US$15 million loan in favor of NMB Bank Limited in Nepal for the purpose of financing ...

“Opec might die,” admitted Iranian oil minister Bijan Zanganeh to a pack of reporters at the crude cartel’s meeting in Vienna last week. “It has lost its authority and it is on the verge ...

Many articles have been written this past year about the impending demise of OPEC. Shale oil, it has been argued, has ended the cartel's stranglehold on oil prices. There's some truth to that ...